There have been tremendous advances in artificial intelligence till last year. All the AI developments have amazed humankind and made the path for future ventures in the respective field. NLP (Natural Language Processing) is related to AI and deals effectively with machine translation, information retrieval, speech recognition, speech synthesis, document retrieval, and many other AI tasks. Developers can utilize NLP to form various applications and algorithms to solve complex problems. Google search engine also uses NLP to comprehend sentences. Since there is unstructured language data everywhere and the rapid growth of social media, developers have been using NLP to understand all this data and develop meaningful insights. Following are the top NLP trends and innovations.
Various data-driven AI innovations and applications promise strategic decision-making and impact thousands of companies and startups worldwide. Following is a brief introduction to the latest trends, applications, and developments in NLP for 2023.
The demand for virtual assistance has increased as it improves the efficiency of applications and devices. Various applications use virtual assistants to provide information on request. Startups these days are encouraged to develop NLP-based virtual assistants and chatbots to provide accurate information after understanding user demands. These virtual assistants help in providing valuable information regarding various fields, including corporate, academic research, and business.
People are now familiar with virtual assistants like Siri, Alexa, and Cortana. By the end of last year, OpenAI launched ChatGPT and surprised the users with its skills. It is an NLP tool that uses AI to create human-like conversations. The tool is built on families of large language models and uses supervised and reinforcement learning techniques to provide information on demand. People can use it as a personal assistant to compose emails, texts, codes, research material, and execute tasks using voice commands.
Moreover, startups like Servicely and Vox constantly work on self-service automation software solutions that AI powers.
Massive amounts of data are generated through texts, videos, and audio. Correctly various NLP processes are working on analyzing this exponential amount of data but need help differentiating the neutral, positive, and negative speeches. For the same reason, the startups no are focused on creating NLP tools that can comprehend customers’ emotional states to improve customer retention and loyalty.
Y Meadows is a startup that works on AI-based customer support. It collects customer data from several sources like comments, web forms, and emails to understand the customer’s intent. Similarly, a US-based startup Spiky is known for its analytics tool, which AI powers to improve training and coaching sessions and attend sales requests. Spiky helps generate behavior-driven analytics and provides communication metrics from verbal and non-verbal sources.
Speech recognition processes voice data and converts it into textual form. The latest developments in speech recognition algorithms are expected to improve transcription services, real-time language translation, and voice command systems. There are various tools and techniques for speech recognition, such as Copilot, BERT, Braina, otter, and Dragon Speech Recognition Solutions.
Microsoft 365 Copilot is a great Artificial Intelligence assistant. It uses LLM (Large Language Models) to write code faster and more efficiently. The productivity suite of Copilot includes Excel, Outlook, PowerPoint, and Word. BigCode is an open-source code base currently working on a responsive and user-friendly process to develop code easily using speech recognition. Similarly, Google has developed an NLP pre-training called Bidirectional Encoder Representations from Transformers (BERT). This model is helpful for speech recognition and text-to-speech transformation. Many Google applications such as Google Search, Google Docs, and Gmail Smart Compose use BERT for predicting texts.
There are various languages and cultures spread all over the world. A survey shows that only 5% of the Billions of inhabitants all over the work speak English, and around 15% have degrees in English comprehension. This information indicates a need for language models to comprehend multiple languages. There are currently about 7000 languages, hence the possibility of an extensive training dataset in different languages. Working on this approach ensures spending up the business process and increases brand reach.
Lingoes is a Finnish Startup that works on training and deploying multilingual NLP models. It allows intelligent text analytics for 109 languages and provides integration of several applications. Similarly, a French startup NLP Cloud is known for working with multilingual AI models. They work with the customization of GPT-J, GDRR, HIPPA, and CCPA and support many languages. The models also work for entity extraction, paraphrasing, and summarization.
Developers are working to improve transfer learning techniques. Most machine learning processes are domain-specific, which causes a problem for generalized learning. Mostly the real-world data is unstructured, which significantly affects the predictability of training models. Therefore, some language models can share training data using the transfer learning technique to optimize deep learning. This approach proves to be cost and time efficient to train NLP models.
Test-To-Text-Transfer Transformer, commonly known as T5, is one of the powerful techniques of NLP for training models on data-rich tasks. Google has reported suggesting an approach of training transfer learning NLP technique for better data comprehension. T5 model trains using web scraping and various NLP tasks. This approach will help enhance the performance of several industries, such as healthcare, finance, education, and legal.
In today’s world, one of the significant technological and socio-political risks is digital misinformation and fake news. The purpose of creating fake news is to misinform readers and create unnecessary friction between opposite groups, generate clickbait headlines, and misinterpret information during elections. Facebook has been a target of such events multiple times. Therefore, they have released a natural language processing model known as RoBERTa, which differentiates between real and fake news. This process works by analyzing the localization and semantic context of the available tokens.
Generative Pre-trained Transformer, or GPT-2 Output Detector, is an open-source tool that differentiates between a text written by a human or another AI tool. Huggingface developed this tool, allowing consumers to detect their text based on the tokens and provide its assessment. This tool is based on the OpenAI code and is the best one currently to catch any text written by ChatGPT.
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